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11658 Ellice St, Malibu, CA...

Kevin Booker, Kurt Rappaport, Anthony Mariotti & Judy Lin Sell Malibu SFR For $17.5M
SOLDSingle Family Residence

Kevin Booker, Kurt Rappaport, Anthony Mariotti & Judy Lin Sell Malibu SFR For $17.5M

11658 Ellice St, Malibu, CA, USA

$17,500,000

$1,443/SF

Building Size

12,123 SF

Asset Type

Single Family Residence

Closing

Jul 27, 2021

AI

Located in the desirable market of Malibu, the property at 11658 Ellice St. recently underwent a successful sale transaction. This single-family residential (SFR) asset boasts a spacious total area of 12,123 square feet, offering ample space for comfortable living. The property was listed with an asking price of $19,995,000, indicating its prestige and value. Ultimately, the sale closed at a price of $17,500,000, reflecting the negotiations and agreement reached between the parties involved in the deal.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $17,500,000
  • Asking Price: $19,995,000
  • Square Footage: 12,123
  • Price per Square Foot: $1,443
  • Address: 11658 Ellice St.
  • Market: Malibu

The transaction was facilitated by a team of reputable brokers, including Kurt Rappaport, Kevin Booker, Judy Lin, and Anthony Mariotti from EAHomes. Their expertise and professional representation played a key role in the successful completion of the sale. Their combined efforts ensured a smooth and efficient process, benefitting both the buyer and the seller of the property.

Players

Kurt Rappaport

Westside Estate Agency

Broker

$2.1B

vol

58 deals

Broker

Malibu Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93